Mercia acquired Enterprise Ventures Group Limited, creating a go-to provider of early stage & growth capital in the Midlands, the North of England and Scotland operating from six regional offices.
Mercia opened an office in Edinburgh. It also began Scottish partnerships with the University of Strathclyde and Abertay University, as well as three partnerships across the North of England with the Universities of York, Liverpool and Liverpool John Moores University, taking its universities to 14.
Mercia Technologies PLC listed on AIM, raising £70m. MFM became the wholly-owned subsidiary of Mercia Technologies, providing Mercia with a “Complete Capital Solution” for technology businesses.
MFM increased the number of university partnerships to nine across the Midlands, with £22m under management through third party funds.
MFM relocated from Birmingham to Forward House in Henley-in-Arden (West Midlands).
MFM raised the first hybrid Enterprise Investment Scheme (EIS) and Seed EIS (SEIS) fund to come onto the market.
Forward Group became a shareholder in MFM and MFM launched the full funding model of early stage investment from third party funds to follow-on direct investment from the balance sheet (the Complete Capital Solution).
Forward Group established a collaboration with WME on the basis of their common interest in supporting and investing in the UK’s leading university spinouts.
WME launched Mercia Fund 1 (“MF1”), a £4 million evergreen seed fund providing support and capital to spinouts from the Universities of Birmingham and Warwick.
WM Enterprise Limited ("WME") was established in 1982 as a venture capital provider.